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Basic Question 1 of 16
Refer to the following price-yield curve.
The estimated changes due to duration are represented by ______.
User Contributed Comments 2
| User | Comment |
|---|---|
| msusolar | can anybody explain? |
| CFAMay2022 | A&B reps changes in price due to change in YTM/slope of the tangent line (rather than actual changes on curve) |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
calculate and interpret approximate convexity and compare approximate and effective convexity;
calculate the percentage price change of a bond for a specified change in yield, given the bond's approximate duration and convexity;
CFA® 2024 Level I Curriculum, Volume 5, Module 46.